20200422_BSC_Vietnam Daily Review_EN_The market rebounded_TA_DGW_Uptrend

Market outlook 
In the morning, the negative dropping momentum of US stock market made VN-Index quickly back to the reference level. However, the increasing demand at the end of the morning helped the index narrowing the drop and gaining again. For the rest of the trading time, VN-Index maintained pulling about to close to reference level. The strong differentiation among the large stocks in the market today. In particular, BID, SAB and VPB were the stocks that supported the upward momentum while VCB, VHM, GAS put pressure on the index. After the explosion of liquidity yesterday, the cash flow returned to the average level, showing a cautious psychology of investors. However, information on fiscal measures supporting the economy before the impact of Covid-19 epidemic through the policy of 50% CIT reduction for SMEs, VAT refunds, etc. will play a supporting role investors in this current period.

Future contracts: All future contracts increased following VN30. Investors might consider buying with target price around 715 points for long-term contracts.
Covered warrants: In the trading session on April 22, 2020, majority of coverred warrants increased following underlying securities.  Trading value decreased strongly.

Technical analysis: DGW_Uptrend
(Please go to page 2 for buy/sell status of stocks and page 4 for Blue chip stocks information)

Highlights
• VN-Index +2.08 points, closed at 768.92. HNX-Index +2.10 points, closed at 106.80.
• Pulling up the index: BID (+ 4.32%); SAB (+ 2.94%); MSN (+ 2.83%); CTG (+ 2.39%); HPG (+ 2.97%).
• Pulling the index down: VHM (-3.82%); VCB (-3.08%); GAS (-1.55%); VRE (-3.48%); VIC (-0.54%).
• The matched value of VN-Index reached 3,416 billion dong, -33% compared to the previous session.
• The trading band is 24.97 points. The market saw 223 gainers, 59 reference codes and 123 losers.
• Foreign net selling value: VND 315.04 billion on HOSE, including VNM (VND 66.94 billion), VRE (VND 61.90 billion) and HPG (VND 51.64 billion). Foreigners were net sellers on the HNX with a value of 5.47 billion dong.